Ontology Gas (ONG) is a utility token for the Ontology blockchain, a platform focused on digital identity and data management. Launched in 2018 alongside ONT, it works with its dual-token system to power transactions and smart contracts. Here’s all about ONG in simple words: What is ONG Used For? Gas Fees: Pay for transactions and smart contract costs on the Ontology network.
Staking Rewards: Earn ONG by staking ONT, the main token.
Governance: Vote on network upgrades and proposals (with ONT).
Trading: Buy, sell, or trade ONG on Binance for profit.
Key Features: Dual-Token Model: ONT handles staking, while ONG covers transaction fees, keeping costs stable.
Multi-Chain: Works on Ethereum, Binance Smart Chain, and Polkadot for wide use.
Identity Focus: Supports secure identity verification and decentralized apps.
Hybrid Consensus: Uses Ontorand Consensus Engine (OCE) for fast, secure transactions.
Token Details: Total Supply: 1 billion ONG.
Circulating Supply: ~396-398 million (as of June 2025).
Market Cap: ~$150-163 million, ranking ~#500 globally.
Price: ~$0.32-$0.39 (check Binance for live prices).
Fun Facts: Listed on Binance in 2019, with trading pairs like ONG/USDT and ONG/BTC.
Supports over 50 decentralized apps, from finance to supply chains.
Hit a high of $10+ in 2018 but has stabilized lower since.
Recent posts on X suggest bullish sentiment with price targets around $0.57.
ONG powers a growing blockchain for identity and data, offering a steady utility token with potential upsides. Watch the market trends! #OntologyGas #ONG #DeFi #BinanceSquare #Binance
